What will the sustainability goals for investors be in 2026?

Anne de Clermont, Chief Investment Officer for the UK and Ireland at AXA, talks about what goals in sustainability and net zero investment she believes will drive real impact.

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Anne de Clermont, Chief Investment Officer for the UK and Ireland at AXA.

Anne de Clermont recently won the Outstanding Individual Contribution to the Insurance Asset Management Industry award at the Insurance Investor | European Awards 2025.

Andrew Putwain: What has driven your commitment to financing the net-zero transition in a way that balances decarbonisation with societal impact?

Anne de Clermont: My commitment is driven by the belief that, as an investor, we have a crucial role in supporting a sustainable and inclusive transition.

"Maintaining asset diversification and supporting innovative solutions are key
to managing risks and unlocking opportunities within the transition."

It is essential to identify investments that not only contribute to decarbonisation but also offer attractive yields to ensure long-term financial viability. Maintaining asset diversification and supporting innovative solutions are key to managing risks and unlocking opportunities within the transition.

By accompanying our investments through both decarbonisation and resilience dimensions - such as climate adaptation – we can generate meaningful societal impacts while delivering sustainable returns and aligning financial objectives with global climate and social goals.

Andrew: How can the industry use initiatives like the Net Zero Asset Owners Alliance to ensure transparency and progress on portfolio decarbonisation and transition outcomes?

Anne: Initiatives such as the Net Zero Asset Owners Alliance provide a valuable framework for setting credible targets, sharing best practices, and fostering accountability.

"Collaboration is key – sharing methodologies and challenges
helps accelerate collective progress."

By adopting transparent reporting standards and regularly measuring progress against clear milestones, industry participants can build trust with stakeholders.

Collaboration is key – sharing methodologies and challenges helps accelerate collective progress. These initiatives also encourage innovation in transition strategies, ensuring that decarbonisation efforts are tangible, measurable, and aligned with global climate goals, ultimately driving industry-wide transparency and meaningful progress.

Andrew: How are you seeing the market move beyond ESG integration into transition projects and plans in the real economy?

Anne: The market is evolving from simple ESG integration towards actively deploying capital into transition projects that support both decarbonisation and climate resilience.

As an asset owner, I focus on sourcing attractive-yielding opportunities, notably in innovative sectors – such as renewable energy, climate adaptation infrastructure, and sustainable technologies – that contribute directly to the transition.

This shift involves designing investment strategies that balance risk and return, support diversification, and address the dual challenge of climate change – mitigation and adaptation – by financing projects that enhance resilience and support sustainable economic growth.

Andrew: Why are biodiversity protection and natural capital, such as forest development, considered strategic investment priorities, and how should they be incorporated into portfolio construction?

Anne: Biodiversity and natural capital are fundamental to the resilience of ecosystems, which underpin economic stability and asset performance. However, this sector is still in its early stages, with few opportunities available at scale.

As an investor, it’s important to identify emerging opportunities that support sustainable land use, forest development, and ecosystem restoration—areas with the potential for attractive risk-adjusted returns. Supporting innovations in natural capital management can help diversify portfolio risks, unlock new sources of yield, and enhance climate resilience, despite the nascent nature of the market.

Andrew: How can capital be deployed to strengthen climate and social resilience in communities while maintaining disciplined risk and return objectives?

Anne: Deploying capital in this space involves carefully selecting investments that support climate adaptation and social resilience – such as resilient infrastructure, social programs, or community-focused projects – that offer attractive yields and diversification benefits.

"Monitoring and reporting ensure that investments deliver sustainable
financial returns while strengthening the resilience of communities."

Maintaining discipline requires rigorous assessment of risks and expected returns, coupled with clear impact objectives. Embedding this approach at the corporate level involves establishing frameworks that evaluate both financial and resilience impacts, supporting innovative solutions that address climate and social challenges.

Regular monitoring and reporting ensure that investments deliver sustainable financial returns while strengthening the resilience of communities – aligning economic and societal objectives.